SAS delivers substantial earnings improvement
Commercial success improves earnings. May 2015 – July 2015: Income before tax: MSEK 1,031 (756). Income before tax and nonrecurring items: MSEK 996 (759). Revenue: MSEK 10,973 (10,697).
SAS’s commercial initiatives deliver results. SAS posted an income before tax and nonrecurring items of MSEK -331 for the second quarter, representing a substantial year-on-year improvement in earnings. This improvement was primarily driven by a positive trend for unit revenue, which climbed 6.8%.
Market position strengthened in a seasonally weak quarter. Income before tax and nonrecurring items: MSEK -829 (-1,169). Revenue: MSEK 8,371 (7,871)
The results for the 2013/2014 fiscal year reflect a year characterized by substantial overcapacity and pressure on yield and unit revenue, and in which market conditions stabilized slightly toward the end of the year.